Quarterly new business climbed, the book of business expanded and loan performance improved at MGIC Guaranty Insurance Corp. Still, earnings deteriorated.
Before income taxes, MGIC earned $84 million from July 1 through Sept. 30, according to the mortgage insurance company’s third-quarter earnings report.
Income sank compared to the prior period, when the Milwaukee-based organization earned $165 million, and a year prior, when earnings were $127 million.
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From:: Financing